LSI Logic Reshuffles

A massive reorg ousts Engenio's CEO, ditches its IPO plans, and expands its product focus

August 17, 2005

2 Min Read
Network Computing logo

LSI Logic Corp. (NYSE: LSI) has announced a reorganization that changes the charter of storage equipment subsidiary Engenio Information Technologies Inc. and booted out its CEO.

Engenio will continue to produce everything it does today, but LSI's RAID Storage Adapter (RSA) group, including its MegaRAID series of cards for storage OEMs, is being added to the mix. "Now we have Engenio doing more than just systems, also RAID storage and software," says LSI Logic spokesman Kevin Brett.

In another change, Engenio's Tom Georgens has lost his job as CEO, and Phil Bullinger, 41, formerly the head of RSA, has taken the helm, albeit with the title of general manager. "Tom is still with the company, still part of the team, but there is no announcement on his position," Brett said.

Engenio will now share a sales force with LSI Logic.

"The combination of RSA and Engenio will more efficiently deliver a broad and common portfolio of software, storage products and platforms to meet OEM customer needs and to deliver greater shareholder value," said Abhi Talwalkar, LSI Logic CEO, in a prepared statement. Talkwalkar's closed the door for now on Engenio IPO talk. "Market conditions at this time do not support a favorable IPO for our Engenio subsidiary," he said.Besides the changes at Engenio, LSI Logic has broken the rest of its business into three units in place of its former Semiconductor division -- a Custom Solutions Group for custom ASICs; a Consumer Products Group for digital media processing; and a Storage Components Group for 4-Gbit/s controllers, Ultra320 SCSI controllers, SAS, and SATA products.

The Storage Components Group is now headed by Bill Wuertz, 47, formerly VP of the LSI Logic Storage Standard Products segment.

Talwalkar joined the company from Intel Corp. (Nasdaq: INTC) in May (see LSI Logic Changes CEO). This marks his first major move since taking over. He's also brought some former teammates from Intel onboard, including Jeff Richardson, 40, who was hired in June and has now become the head of the new Custom Solutions Group (see LSI Logic Names EVP). Another Intel hire, Phil Brace, 34, has become head of a newly created Corporate Planning and Marketing organization for all of LSI Logic.

No layoffs result from the move, Brett said.

Mary Jander, Site Editor, Byte and Switch0

Stay informed! Sign up to get expert advice and insight delivered direct to your inbox

You May Also Like

More Insights